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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: William G. Murray who wrote (7131)3/20/1998 4:13:00 PM
From: VincentTH  Respond to of 14162
 
Basically, before when you buy a protected put, you have to report the locked gain as income at the end of the year. Now, you have to report the gain when you short against the box too.
This is just in a nutshell. You have to read Pub 550 for details.